Hecs/Help debt to rise by 4.8% in June as indexation lifts average loan by more than $1,200
Greens criticise Albanese government’s ‘abysmal lack of action’ as CPI figures show education costs driving up inflationFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastMillions of Australians with student loans will be hit by increases of more than $1,000 in June, new figures show, as calls grow for the commonwealth to act on a growing “debt spiral”.Quarterly figures, released by the Australian Bureau of Statistics on Wednesday, revealed inflation grew by 3.6% over the year to 31 March, in large part due to a rise in education costs, which grew by 5.9%.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
Greens criticise Albanese government’s ‘abysmal lack of action’ as CPI figures show education costs driving up inflation
- Follow our Australia news live blog for latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
Millions of Australians with student loans will be hit by increases of more than $1,000 in June, new figures show, as calls grow for the commonwealth to act on a growing “debt spiral”.
Quarterly figures, released by the Australian Bureau of Statistics on Wednesday, revealed inflation grew by 3.6% over the year to 31 March, in large part due to a rise in education costs, which grew by 5.9%.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
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